Cosuno is a technology company.
Cosuno is the largest AI-based tendering platform for construction services, connecting clients and contractors in the construction industry.
Cosuno has raised $45.0M across 2 funding rounds.
Cosuno has raised $45.0M in total across 2 funding rounds.
Cosuno has raised $45.0M in total across 2 funding rounds.
Cosuno's investors include AAF Management Ltd., Album VC, AngelList Syndicator, Atomico, Cherry Ventures, DBL Partners, Far Out Ventures, Founder Collective, Future Africa, Future Perfect Ventures, General Catalyst, GSV Acceleration.
Cosuno is a Berlin-based SaaS platform that digitizes procurement, tendering, and subcontractor management for the construction industry, serving general contractors, property developers, architects, and subcontractors.[1][2][3] It solves the inefficiencies of traditional manual, paper-driven processes by automating bid comparison (using AI), communication, document storage, and negotiations, enabling 60% faster crew sourcing, 50% higher response rates, 25% higher contract profits, and processing billions in construction volume.[1][2][4] With over 180,000 subcontractors in its European network (primarily DACH region), Cosuno has raised $45.2 million in funding, including a $30 million Series B, fueling product development and international expansion amid rapid growth—processing $1.5 billion in volume within 12 months of scaling.[1][4][6]
Founded in 2019 by Christoph Berner (Co-Founder & MD, former Global Head of Operations at Move24 Group), Fritz Cramer (Co-Founder & MD, former Global Head of Operations at Move24 Group), and Maximilian Seifert (Co-Founder & CTO, former Head of Engineering at IONIQ Group), Cosuno emerged to tackle the construction sector's outdated procurement practices, which lack transparency, holistic insight, and efficiency.[1][3][4] The idea stemmed from the founders' operations expertise, recognizing how manual bidding and awarding wasted time and obscured pricing in a complex industry.[3][5] Early traction was swift: by 2021, it onboarded major clients like SIGNA Bau and Eiffage Infra Bau via a lead-user approach, doubled headcount, built a 80,000+ subcontractor network, and hit $4 billion in processed volume by 2022, validating its digitization of a "slow-to-adopt" market.[1][2][4][5]
Cosuno rides the construction tech (ConTech) wave, digitizing a $10 trillion global industry plagued by fragmentation, manual processes, and opacity—trends accelerated by post-pandemic labor shortages, rising costs, and sustainability demands.[1][2][3] Timing is ideal amid Europe's green building push and DACH infrastructure booms, where procurement inefficiencies erode 10-20% of project margins; Cosuno's network effects and AI create a moat, processing billions in volume to influence ecosystem standards.[1][4][5] It fosters transparency and collaboration, empowering smaller subcontractors while optimizing for giants, and sets benchmarks for SaaS in "unsexy" verticals, inspiring similar proptech plays across Europe.[2][6]
Cosuno is poised for pan-European dominance and beyond, leveraging its Series B for international rollout, AI enhancements, and network expansion to hit new volume milestones amid ConTech's projected 20% CAGR.[1][6] Trends like AI-driven predictive bidding, ESG compliance tools, and integrated BIM (Building Information Modeling) will shape its path, potentially doubling revenue as adoption barriers crumble in a digitizing industry.[3][5] Its influence could evolve from DACH leader to global standard-setter, amplifying efficiency gains and margins—cementing why Cosuno exemplifies how targeted SaaS transforms trillion-dollar legacies.[1][4]
Cosuno has raised $45.0M across 2 funding rounds. Most recently, it raised $30.0M Series B in February 2022.